Northwest Wealth Management LLC Reduces Stock Holdings in Walmart Inc. (NYSE:WMT)

Northwest Wealth Management LLC lessened its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 11.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,032 shares of the retailer's stock after selling 2,666 shares during the period. Northwest Wealth Management LLC's holdings in Walmart were worth $1,846,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of WMT. Horizon Financial Services LLC raised its position in shares of Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after buying an additional 262 shares during the last quarter. EQ Wealth Advisors LLC purchased a new stake in Walmart during the first quarter worth approximately $35,000. Noble Wealth Management PBC purchased a new position in shares of Walmart in the fourth quarter valued at $37,000. Mizuho Bank Ltd. purchased a new position in shares of Walmart in the fourth quarter valued at $41,000. Finally, Nexus Investment Management ULC purchased a new position in shares of Walmart in the first quarter valued at $49,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 29,148 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the completion of the transaction, the chief executive officer now directly owns 4,451,199 shares in the company, valued at $429,896,799.42. This represents a 0.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Daniel J. Bartlett sold 1,760 shares of the company's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total transaction of $166,883.20. Following the transaction, the executive vice president now owns 520,275 shares of the company's stock, valued at approximately $49,332,475.50. The trade was a 0.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 142,711 shares of company stock worth $13,688,803. 45.58% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on WMT. Telsey Advisory Group reiterated an "outperform" rating and set a $115.00 price objective on shares of Walmart in a research note on Monday, June 9th. UBS Group dropped their price objective on shares of Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Walmart in a report on Wednesday, March 26th. Sanford C. Bernstein reissued an "outperform" rating on shares of Walmart in a research note on Monday, May 5th. Finally, Raymond James Financial lowered their target price on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Walmart has an average rating of "Moderate Buy" and a consensus target price of $106.50.

Walmart Stock Performance

Shares of WMT opened at $97.41 on Monday. The company's 50 day moving average price is $96.80 and its 200 day moving average price is $94.23. Walmart Inc. has a 52 week low of $66.67 and a 52 week high of $105.30. The company has a market capitalization of $777.37 billion, a PE ratio of 41.63, a PEG ratio of 4.75 and a beta of 0.69. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78.

Walmart (NYSE:WMT - Get Free Report) last posted its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. The company had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 earnings per share. Research analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were given a $0.235 dividend. This represents a yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart's dividend payout ratio is 40.17%.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.

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